Net Asset Value(s)

Note: This NAV was computed today, 26 June 2014, based on estimated
prices for underlying hedge funds as at 20 June 2014.

Total assets: USD 242'828’781

Outstanding shares: 3'593’131 shares

Best regards.

ALTIN AG

The market valuation, terms and calculations contained herein are final
but unaudited. Over time, there may be changes to the information
currently supplied in this document. No responsibility is taken for
amending or correcting any previously supplied information. This
material is for private information only and should not to be construed
as an offer to sell or the solicitation to buy any investment product.
The information provided is believed to be reliable, without any
guarantee of completeness or accuracy and it should not be relied upon
as such. Past performance does not guarantee or predict future
performance.